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Northern Arizona University
Purchasing Policy and Procedure

Used Equipment

POLICY:

Used equipment may be purchased if it meets the standards required by the user and results in a savings for the University. The requisition for the used equipment must contain a statement that:

1. the equipment has been inspected by the requestor,



2. the condition of the equipment is as represented,



3. the equipment meets the requirements of the user,



4. the best interest of the University will be served by the purchase of the used equipment,
   
   - and -
   
   
5. the purchase price represents fair market value or better.

Purchasing Services is responsible for ensuring the purchase price is reasonable.

Used equipment costing more than $35,000 must be competitively bid, using normal purchasing procedures.